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Question 188

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Use the following to answer questions:
Figure: Foreign Trade 2 Use the following to answer questions: Figure: Foreign Trade 2 -(Figure: Foreign Trade 2) Refer to the figure. What is the dollar value of the deadweight loss created as a result of prohibiting trade in this market? A) $2,500 B) $10,000 C) $7,500 D) $5,000
-(Figure: Foreign Trade 2) Refer to the figure. What is the dollar value of the deadweight loss created as a result of prohibiting trade in this market?


A) $2,500
B) $10,000
C) $7,500
D) $5,000

Correct Answer:

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